THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisors as you deem necessary.
This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.
Income Contingent Student Loans 2 (2007-2009) PLC
(Registered Number: 11493196)
10th Floor, 5 Churchill Place
London, United Kingdom, E14 5HU
to the holders of the following notes of the Issuer presently outstanding
£545,916,307.67 Class A1 Asset-Backed Floating Rate Notes due 2058 (ISIN: XS1915118910),
£677,576,900.00 Class A2 Asset-Backed Fixed Rate Notes due 2058 (ISIN: XS1915119132),
£184,304,000.00 Class B Notes due 2058 (ISIN: XS1915119215),
£1,791,439,000.00 Class X Notes due 2058 and
£168,382,873.51 Retention Note due 2058
(the "Noteholders" and the "Notes", respectively)
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.
We refer to the note trust deed dated 11 December 2018 between the Issuer and Citicorp Trustee Company Limited as note trustee (the “Note Trustee”) (as amended, supplemented and restated from time to time, the "Note Trust Deed").
This is to give notice that the deadline for filing the annual financial statements of the Issuer has been extended to 31 March 2021 by Company House, in light of additional reporting requirements due to the impact of COVID-19.
As a result, the Issuer is unable to comply with its obligation under clause 2(a) of Schedule 5 of the Note Trust Deed to deliver to the Note Trustee, the Registrar and the Principal Paying Agent two copies of its audited financial statements no more than 180 days after the end of the relevant financial year, being 31 March 2020. The audited financial statements of the Issuer are expected to be finalised and provided to the Note Trustee, the Registrar and the Principal Paying Agent within the extended filing deadline granted by Company House.
21 December 2020
This Notice is given by:
Income Contingent Student Loans 2 (2007-2009) PLC as Issuer
Contact: The Directors
Address: 10th Floor, 5 Churchill Place London E14 5HU